SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Winspear Resources
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rocket Red who wrote (16334)3/21/1999 9:19:00 PM
From: Gord Bolton  Read Replies (1) of 26850
 
The problem with the Kimberlite being soft, if it is soft is that it is sandwiched inbetween two layers of granite. The dyke extends over a wide area. If you take out all the Kimberlite the crack may close-with someone inside and before you have all the Kim out.
Kimberlite that has not been exposed to weathering can be very hard this would allow you to leave some kim as pillars to support the roof. If the Kim is soft you have to mine and back fill or put in a lot of teleposts. That is what we have the mining engineers for.

With regard to the costs of set up- A low cost modular expandable mill can be set up initially and the open pit can be mined to generate the cash for a larger and more expensive operation to go after the underground stuff. If the numbers are good enough the banks will line up. An appropriate merger is not out of the question.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News